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The 12 th Five-year Plan for China’s autoindustry reportedly will make developing new-energy vehicles the top priority. The first draft of the 12 th Five-year Plan for China's automobile industry has already been formulated and the formal plan is scheduled to be released at the end of 2010. The new-energy automobile industry and other new strategic industries will play a leading role in the country’s economy in 10 years. People’s Daily. MORE

In the interest of reducing carbon emissions to reduce climate change, regulators around the world are forcing carmakers to boost the fuel efficiency of their upcoming products--substantially. This requires investments in new technologies and production of more efficient models at a more rapid pace than some automakers feel is justified--and in MORE

Ford and BASF have teamed up to develop a sustainable, plant-sourced castor oil-based foam product for the 2012 Ford Focus instrument panel. The new castor oil-based foam is significantly more durable than the previously used material, with a 36% better tensile strength (a measure of the foam’s ability to hold its shape over time and use). Tear strength also is improved by 5% while elongation (stretch under temperature or impact stress) is reduced by almost 12%. . MORE

He also said that auto manufacturers should strengthen their safety and quality control standards. Sales of domestically-manufactured autos rose 36 percent year on year to reach 13.14 Xinhua. Liu Shijin, deputy director of the Development Research Center of the State Council, one of China’s top government think tanks, told a forum that the government should shift its guidance to automakers from mere pursuit of output capacity to environment-friendly and energy-saving targets. MORE

In sync with its past annual auto studies, AlixPartners continues to predict that US auto sales will climb more slowly, and to a lower peak, than many others are predicting. Specifically, the firm estimates US auto sales will reach just 12.7 AlixPartners also estimates that on-going unemployment and underemployment could cost the autoindustry up to 1.5 MORE

Antonio Tajani, Vice President of the European Commission in charge of Industry and Entrepreneurship, introduced the EC’s CARS 2020 Action Plan aimed at reinforcing the European automotive industry’s competitiveness and sustainability heading towards 2020. The anticipated action plan comes at a time when the automotive industry is facing particular pressure due to a strong decline of the EU market and structural overcapacities. MORE

Reading the news in our automotive world never fails to surprise and delight. Take, for example, our discovery of the soliticitousness exhibited by automakers who care deeply about the delicate and fragile feelings of car buyers. Yes, those same car buyers from whom an independent dealer's job is extract maximum profits on the sale of a vehicle MORE

The UK automotive industry warned that the current anti-diesel agenda combined with the ongoing slow take-up of electric vehicles could mean industry misses its next round of CO 2 targets in 2021, with negative consequences for the UK’s own climate change goals. MORE

The CAR report, the US Automotive Market and Industry in 2025 , relies on technology and market forecast data from the National Research Council (NRC) and J.D. employment in the US motor vehicle manufacturing industry in 2025. Industry in 2025” Recommendations. MORE

Organizations representing auto manufacturers, electric utilities and the electric drive industry are calling on President Obama to establish a new National Electric Fuel Task Force to help accelerate the adoption of plug-in electric vehicles and the necessary infrastructure. Led by the Department of Energy, the task force would include federal and state regulators, standards organizations, utilities, environmental groups, consumer groups and electric drive industry stakeholders. MORE

The government of China is targeting an average 10% growth for automotive industry production and sales in the next three years, according to an online government document providing details on the support package for the automotive industry, announced in January. The auto support package was one of ten industry initiatives by the government since January in a bid to cope with the downturn in the short-term, and upgrade its industrial structure for the long term MORE

billion) worth of EIB loans to the automotive industry are planned for submission to the Board in April and May. This would bring the EIB’s total approved lending to the auto sector to €6.3 The European Investment Bank’s (EIB) Board of Directors approved loans to European car and truck makers worth €3 billion (US$3.9 billion), most of it aimed at improving fuel efficiency and cutting CO 2 emissions. A further €2.8 billion (US$3.6 MORE

Cyber hacks might cost the autoindustry roughly $24 billion within five years, according to a new study by Upstream Security , which specializes in cloud-based security protection. billion, while we are seeing that the cost for the industry as a whole could reach $24 billion by 2023. MORE

The growing share of alternative drive trains in the automotive industry offers opportunities for jobs in the automotive sector, according to the “ ELAB ” study, the first broad-based, practice-oriented analysis of the effects of technological change on employment in the automotive industry. The coexistence of several different drive concepts will result in at least steady to intermittently rising employment in the industry as analysis of the studied value chain shows. MORE

It's not uncommon for media commenters to look at electric-car sales numbers, only to conclude that the segment is teetering on the brink of death. Electric cars will never become mainstream, they argue, because of fickle consumers who base their-car purchases on what the price of gas happens to be the moment they walk into a dealership. Yet while. oil energy policy plug-in cars energy MORE

The global automotive industry is receiving close to US$44 billion from governments around the world to develop alternative fuel technologies, analysts at Deloitte reveal. The market for alternative fuel vehicles is being strongly supported economic stimulus packages and other government programs in at least 13 markets. Consumer demand for greener vehicles as well as new regulations [.]. MORE

A study by researchers at Iowa State University has determined that the automotive industry has a very large potential to utilize biobased materials. However, they noted, there are also many challenges associated with the use of biobased parts in the autoindustry. The above challenges contribute to the complex nature of the automotive industry and its products. MORE

autoindustry was the world's largest. For a century, the U.S. That ended in 2009, when China's sales of 13.5 million new vehicles surpassed a recession-slammed U.S. total of 10.4 million. Last year, U.S. drivers bought 17.5 million new vehicles—against more than 30 million sales in China. DON'T MISS: Why China will beat U.S. in electric-car. China plug-in cars MORE

China’s central government plans to implement a new policy in the first half of this year to encourage autoindustry consolidation and further the development of Chinese-brand passenger vehicles, an official from the Ministry of Industry and Information Technology said at a recent news conference. Beijing Automobile, Guangzhou Automobile, Chery, Geely and Sinotruk form the second tier in the country’s autoindustry. China Daily. MORE

It''s also, amazingly, become California''s biggest auto-industry employer--edging out even Toyota. Tesla Motors is one of the youngest U.S. automakers, but has made a disproportionately large impact in the automotive media''s headlines over the last few years. When Toyota makes its move to Texas, taking most of its 5,300 jobs to the Lone Star State MORE

Today on Green Car Reports: The autoindustry is making good progress in meeting gas-mileage goals, why dealers are a bottleneck for electric-car sales, and the 2015 Chevrolet Colorado and GMC Canyon mid-size pickup trucks are on their way to showrooms. MORE

The lobbyists for automakers have made their views on Corporate Average Fuel Economy (CAFE) standards through 2025 quite clear. The majority of carmakers would prefer to see those standards relaxed, delayed or altered. Today, they call for a fleet average of 54.5 mpg (or about 38 mpg on window stickers) for vehicles sold in the U.S. by 2025. DON'T. emissions parts suppliers CAFE Fuel Economy Corporate Average Fuel Economy MORE

Just days after the presidential election, automaker lobbyists urged Donald Trump to loosen pending emissions and fuel-economy standards. Shortly after the election, a lobbying group wrote Trump asking him to change or delay an EPA decision that kept planned emissions standards for 2022 to 2025 in place. Last week, executives of 18 automakers sent. emissions government CAFE Fuel Economy transportation policy Corporate Average Fuel Economy MORE

The autoindustry’s current materials portfolio will need to be augmented to meet new 2025 fuel economy standards, according to a WardsAuto and DuPont Automotive survey conducted in late July. This is a defining moment—not just for materials, but for the industry. MORE

China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. Natural gas and other alternative fuel vehicle technology is basically mature, the government said, and is headed toward initial industrialization. 2012 Chinese AutoIndustry Development Report. Developing the industrial system. MORE

Dieter Kempf, President of BITKOM, the IT industry Association, Winterkorn declared that the increasingly intensive networking of cars with their surroundings and automatic driving would be the key topics for the intelligent mobility of the future. At the Geneva show, Winterkorn introduced the Future Tracks program by saying : Over the next few years, our industry will face one of the greatest upheavals since the invention of the automobile. MORE

Both organizations will collaborate on developing sustainable solutions for the automotive industry. An area of collaboration includes fiber-reinforced synthetics for the automotive industry. Johnson Controls has entered a long-term cooperation agreement with the Fraunhofer Research Institution for Polymeric Materials and Composites PYCO. PYCO is a developer of highly cross-linked polymers for all applications. MORE

Americans' opinions of the automobile industry have posted a 15-point positive increase after reaching an all-time low last year, and now tilt more positive than negative for the first time in three years, according to a new Gallup poll. The 15-point increase in the percentage rating the autoindustry positively ties the largest one-year improvement in Gallup's 10-year history of measuring public opinion on major US business industries. MORE

Today, sales reports are coming in for last year—electric cars did well—and we explain why auto-company whining is nothing new. Also, fossil fuels aren't the only source of climate chance, and we look at plug-in car insurance rates. All this and more on Green Car Reports. Delivery reports for December, and hence all of last year. Today in Car News MORE

Electric cars are often touted for their financial and environmental benefits, but there's another major perk they offer to consumers. They're very nice to drive. Many drivers have been won over by electric cars' near-silent operation and instant torque delivery. DON'T MISS: Electric Cars' Secret Advantage: They're Just Nicer To Drive (Apr 2012). Advertising sales plug-in cars Car Advertising Car Sales MORE

If anyone in the autoindustry thought that the coast was clear after the recent economic troubles, a new industry review by AlixPartners, the global business advisory firm, suggests something different. Green cars Latest news AlixPartners autoindustry challenges automotive industry study MORE

MRC) recently executed a share sales and purchase agreement by which it will acquire 51% of Wethje Holding GmbH , a German company engaged in manufacturing of carbon fiber reinforced plastics (CFRP) parts for automobile applications, from Wethje parent Cross Industries AG. MRC observed that the European Automotive industry is moving towards a full-scale adoption of CFRP parts. Mitsubishi Rayon Co. MORE

The autoindustry in principle is not opposed to the introduction of such mid-level blends (i.e., Status of research into the effects of mid-level blends. Programs with red borders are unfunded; red bars are gaps in research. Source: Joint IEPR/TC workshop. Click to enlarge. MORE

Established automotive industry companies—not Silicon Valley—are leading the development of autonomous driving technology, according to a new report from the Intellectual Property and Science business of Thomson Reuters. MORE

At the Frankfurt Motor Show, the European Automobile Manufacturers’ Association (ACEA) outlined the industry’s proposal for a pathway to future CO 2 reductions: a 20% CO 2 reduction for passenger cars by 2030, compared to 2021. It’s also in line with what is expected of other industry sectors, as well as the EU Climate and Energy Framework and the global Paris agreement. MORE

Guido Reinking, editor of Automobilwoche, is well known for his occasional outbursts against electric vehicle technology. Previously, Reinking wrote that EV technology will not become mainstream for at least 15 more years. Now he's back with yet another statement that may or may not sit well with EV supporters. According to Reinking, the MORE

Diesel cars have dominated Europe for decades, but recently a major backlash against them has started to brew. Politicians and advocacy groups in several European countries are taking strong steps to limit or eliminate older, dirtier diesels, over concerns of negative health effects from their particulate emissions. MORE: UK Official Says. Green Europe London UK air pollution diesel particulate filter (DPF) emissions transportation policy MORE

China has been the ‘one to watch’ in the automotive industry for some time, having already established itself as the largest car market in the world ahead of the USA. Tags: Cars Green cars Latest news Beijing Automobile Chang’an Motor Chery China Chinese automotive industry Dongfeng Motor FAW Group Geely Guangzhou Automobile SAIC Motor Corporation Sinotruk MORE

The revelation that Volkswagen used "defeat device" software to cheat on U.S. emissions tests shook the public's confidence in one of the world's largest carmakers. Volkswagen hasn't done much to rebuild its reputation since its cheating was first revealed by the U.S. Environmental Protection Agency at a press conference in September. And VW may. TDI VW Germany Volkswagen diesel scandal MORE

The autoindustry came very near to the precipice in 2009, and it agreed to significant new regulations to enable it to step back from the brink. Now, it turns out that it''s not only meeting, but actually beating, the required reductions in emissions. That means that, according to the U.S. Environmental Protection Agency, improvements in fleet MORE

The European automobile industry expressed concern about the “ sudden and massive ” increase in the price of iron ore, a crucial material for producing steel. Such “ excessive and unpredictable ” pricing policy would affect the competitiveness of manufacturing in Europe, including the automotive industry, according to a statement from ACEA, the European autoindustry’s trade association. MORE

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Cyber hacks might cost the autoindustry roughly $24 billion within five years, according to a new study by Upstream Security , which specializes in cloud-based security protection. billion, while we are seeing that the cost for the industry as a whole could reach $24 billion by 2023.

autoindustry was the world's largest. For a century, the U.S. That ended in 2009, when China's sales of 13.5 million new vehicles surpassed a recession-slammed U.S. total of 10.4 million. Last year, U.S. drivers bought 17.5 million new vehicles—against more than 30 million sales in China. DON'T MISS: Why China will beat U.S. in electric-car. China plug-in cars

Trending Sources

If anyone in the autoindustry thought that the coast was clear after the recent economic troubles, a new industry review by AlixPartners, the global business advisory firm, suggests something different. Green cars Latest news AlixPartners autoindustry challenges automotive industry study

It's not uncommon for media commenters to look at electric-car sales numbers, only to conclude that the segment is teetering on the brink of death. Electric cars will never become mainstream, they argue, because of fickle consumers who base their-car purchases on what the price of gas happens to be the moment they walk into a dealership. Yet while. oil energy policy plug-in cars energy

Just days after the presidential election, automaker lobbyists urged Donald Trump to loosen pending emissions and fuel-economy standards. Shortly after the election, a lobbying group wrote Trump asking him to change or delay an EPA decision that kept planned emissions standards for 2022 to 2025 in place. Last week, executives of 18 automakers sent. emissions government CAFE Fuel Economy transportation policy Corporate Average Fuel Economy

Electric cars are often touted for their financial and environmental benefits, but there's another major perk they offer to consumers. They're very nice to drive. Many drivers have been won over by electric cars' near-silent operation and instant torque delivery. DON'T MISS: Electric Cars' Secret Advantage: They're Just Nicer To Drive (Apr 2012). Advertising sales plug-in cars Car Advertising Car Sales

The revelation that Volkswagen used "defeat device" software to cheat on U.S. emissions tests shook the public's confidence in one of the world's largest carmakers. Volkswagen hasn't done much to rebuild its reputation since its cheating was first revealed by the U.S. Environmental Protection Agency at a press conference in September. And VW may. TDI VW Germany Volkswagen diesel scandal

It''s also, amazingly, become California''s biggest auto-industry employer--edging out even Toyota. Tesla Motors is one of the youngest U.S. automakers, but has made a disproportionately large impact in the automotive media''s headlines over the last few years. When Toyota makes its move to Texas, taking most of its 5,300 jobs to the Lone Star State

The UK automotive industry warned that the current anti-diesel agenda combined with the ongoing slow take-up of electric vehicles could mean industry misses its next round of CO 2 targets in 2021, with negative consequences for the UK’s own climate change goals.

The autoindustry came very near to the precipice in 2009, and it agreed to significant new regulations to enable it to step back from the brink. Now, it turns out that it''s not only meeting, but actually beating, the required reductions in emissions. That means that, according to the U.S. Environmental Protection Agency, improvements in fleet

In the interest of reducing carbon emissions to reduce climate change, regulators around the world are forcing carmakers to boost the fuel efficiency of their upcoming products--substantially. This requires investments in new technologies and production of more efficient models at a more rapid pace than some automakers feel is justified--and in

The lobbyists for automakers have made their views on Corporate Average Fuel Economy (CAFE) standards through 2025 quite clear. The majority of carmakers would prefer to see those standards relaxed, delayed or altered. Today, they call for a fleet average of 54.5 mpg (or about 38 mpg on window stickers) for vehicles sold in the U.S. by 2025. DON'T. emissions parts suppliers CAFE Fuel Economy Corporate Average Fuel Economy

Today on Green Car Reports: The autoindustry is making good progress in meeting gas-mileage goals, why dealers are a bottleneck for electric-car sales, and the 2015 Chevrolet Colorado and GMC Canyon mid-size pickup trucks are on their way to showrooms.

It''s also, amazingly, become California''s biggest auto-industry employer--edging out even Toyota. Tesla Motors is one of the youngest U.S. automakers, but has made a disproportionately large impact in the automotive media''s headlines over the last few years. When Toyota makes its move to Texas, taking most of its 5,300 jobs to the Lone Star State

Established automotive industry companies—not Silicon Valley—are leading the development of autonomous driving technology, according to a new report from the Intellectual Property and Science business of Thomson Reuters.

Diesel cars have dominated Europe for decades, but recently a major backlash against them has started to brew. Politicians and advocacy groups in several European countries are taking strong steps to limit or eliminate older, dirtier diesels, over concerns of negative health effects from their particulate emissions. MORE: UK Official Says. Green Europe London UK air pollution diesel particulate filter (DPF) emissions transportation policy

MRC) recently executed a share sales and purchase agreement by which it will acquire 51% of Wethje Holding GmbH , a German company engaged in manufacturing of carbon fiber reinforced plastics (CFRP) parts for automobile applications, from Wethje parent Cross Industries AG. MRC observed that the European Automotive industry is moving towards a full-scale adoption of CFRP parts. Mitsubishi Rayon Co.

A study by researchers at Iowa State University has determined that the automotive industry has a very large potential to utilize biobased materials. However, they noted, there are also many challenges associated with the use of biobased parts in the autoindustry. The above challenges contribute to the complex nature of the automotive industry and its products.

Today, sales reports are coming in for last year—electric cars did well—and we explain why auto-company whining is nothing new. Also, fossil fuels aren't the only source of climate chance, and we look at plug-in car insurance rates. All this and more on Green Car Reports. Delivery reports for December, and hence all of last year. Today in Car News

Dieter Kempf, President of BITKOM, the IT industry Association, Winterkorn declared that the increasingly intensive networking of cars with their surroundings and automatic driving would be the key topics for the intelligent mobility of the future. At the Geneva show, Winterkorn introduced the Future Tracks program by saying : Over the next few years, our industry will face one of the greatest upheavals since the invention of the automobile.

The European automobile industry expressed concern about the “ sudden and massive ” increase in the price of iron ore, a crucial material for producing steel. Such “ excessive and unpredictable ” pricing policy would affect the competitiveness of manufacturing in Europe, including the automotive industry, according to a statement from ACEA, the European autoindustry’s trade association.

Antonio Tajani, Vice President of the European Commission in charge of Industry and Entrepreneurship, introduced the EC’s CARS 2020 Action Plan aimed at reinforcing the European automotive industry’s competitiveness and sustainability heading towards 2020. The anticipated action plan comes at a time when the automotive industry is facing particular pressure due to a strong decline of the EU market and structural overcapacities.

The autoindustry’s current materials portfolio will need to be augmented to meet new 2025 fuel economy standards, according to a WardsAuto and DuPont Automotive survey conducted in late July. This is a defining moment—not just for materials, but for the industry.

The growing share of alternative drive trains in the automotive industry offers opportunities for jobs in the automotive sector, according to the “ ELAB ” study, the first broad-based, practice-oriented analysis of the effects of technological change on employment in the automotive industry. The coexistence of several different drive concepts will result in at least steady to intermittently rising employment in the industry as analysis of the studied value chain shows.

At the Frankfurt Motor Show, the European Automobile Manufacturers’ Association (ACEA) outlined the industry’s proposal for a pathway to future CO 2 reductions: a 20% CO 2 reduction for passenger cars by 2030, compared to 2021. It’s also in line with what is expected of other industry sectors, as well as the EU Climate and Energy Framework and the global Paris agreement.

The 12 th Five-year Plan for China’s autoindustry reportedly will make developing new-energy vehicles the top priority. The first draft of the 12 th Five-year Plan for China's automobile industry has already been formulated and the formal plan is scheduled to be released at the end of 2010. The new-energy automobile industry and other new strategic industries will play a leading role in the country’s economy in 10 years. People’s Daily.

China’s central government plans to implement a new policy in the first half of this year to encourage autoindustry consolidation and further the development of Chinese-brand passenger vehicles, an official from the Ministry of Industry and Information Technology said at a recent news conference. Beijing Automobile, Guangzhou Automobile, Chery, Geely and Sinotruk form the second tier in the country’s autoindustry. China Daily.

China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. Natural gas and other alternative fuel vehicle technology is basically mature, the government said, and is headed toward initial industrialization. 2012 Chinese AutoIndustry Development Report. Developing the industrial system.

The autoindustry in principle is not opposed to the introduction of such mid-level blends (i.e., Status of research into the effects of mid-level blends. Programs with red borders are unfunded; red bars are gaps in research. Source: Joint IEPR/TC workshop. Click to enlarge.

Guido Reinking, editor of Automobilwoche, is well known for his occasional outbursts against electric vehicle technology. Previously, Reinking wrote that EV technology will not become mainstream for at least 15 more years. Now he's back with yet another statement that may or may not sit well with EV supporters. According to Reinking, the

Ford and BASF have teamed up to develop a sustainable, plant-sourced castor oil-based foam product for the 2012 Ford Focus instrument panel. The new castor oil-based foam is significantly more durable than the previously used material, with a 36% better tensile strength (a measure of the foam’s ability to hold its shape over time and use). Tear strength also is improved by 5% while elongation (stretch under temperature or impact stress) is reduced by almost 12%. .

He also said that auto manufacturers should strengthen their safety and quality control standards. Sales of domestically-manufactured autos rose 36 percent year on year to reach 13.14 Xinhua. Liu Shijin, deputy director of the Development Research Center of the State Council, one of China’s top government think tanks, told a forum that the government should shift its guidance to automakers from mere pursuit of output capacity to environment-friendly and energy-saving targets.

China has been the ‘one to watch’ in the automotive industry for some time, having already established itself as the largest car market in the world ahead of the USA. Tags: Cars Green cars Latest news Beijing Automobile Chang’an Motor Chery China Chinese automotive industry Dongfeng Motor FAW Group Geely Guangzhou Automobile SAIC Motor Corporation Sinotruk

Both organizations will collaborate on developing sustainable solutions for the automotive industry. An area of collaboration includes fiber-reinforced synthetics for the automotive industry. Johnson Controls has entered a long-term cooperation agreement with the Fraunhofer Research Institution for Polymeric Materials and Composites PYCO. PYCO is a developer of highly cross-linked polymers for all applications.

The global automotive industry is receiving close to US$44 billion from governments around the world to develop alternative fuel technologies, analysts at Deloitte reveal. The market for alternative fuel vehicles is being strongly supported economic stimulus packages and other government programs in at least 13 markets. Consumer demand for greener vehicles as well as new regulations [.].

In sync with its past annual auto studies, AlixPartners continues to predict that US auto sales will climb more slowly, and to a lower peak, than many others are predicting. Specifically, the firm estimates US auto sales will reach just 12.7 AlixPartners also estimates that on-going unemployment and underemployment could cost the autoindustry up to 1.5

Americans' opinions of the automobile industry have posted a 15-point positive increase after reaching an all-time low last year, and now tilt more positive than negative for the first time in three years, according to a new Gallup poll. The 15-point increase in the percentage rating the autoindustry positively ties the largest one-year improvement in Gallup's 10-year history of measuring public opinion on major US business industries.

The CAR report, the US Automotive Market and Industry in 2025 , relies on technology and market forecast data from the National Research Council (NRC) and J.D. employment in the US motor vehicle manufacturing industry in 2025. Industry in 2025” Recommendations.

Organizations representing auto manufacturers, electric utilities and the electric drive industry are calling on President Obama to establish a new National Electric Fuel Task Force to help accelerate the adoption of plug-in electric vehicles and the necessary infrastructure. Led by the Department of Energy, the task force would include federal and state regulators, standards organizations, utilities, environmental groups, consumer groups and electric drive industry stakeholders.

Reading the news in our automotive world never fails to surprise and delight. Take, for example, our discovery of the soliticitousness exhibited by automakers who care deeply about the delicate and fragile feelings of car buyers. Yes, those same car buyers from whom an independent dealer's job is extract maximum profits on the sale of a vehicle

The government of China is targeting an average 10% growth for automotive industry production and sales in the next three years, according to an online government document providing details on the support package for the automotive industry, announced in January. The auto support package was one of ten industry initiatives by the government since January in a bid to cope with the downturn in the short-term, and upgrade its industrial structure for the long term

billion) worth of EIB loans to the automotive industry are planned for submission to the Board in April and May. This would bring the EIB’s total approved lending to the auto sector to €6.3 The European Investment Bank’s (EIB) Board of Directors approved loans to European car and truck makers worth €3 billion (US$3.9 billion), most of it aimed at improving fuel efficiency and cutting CO 2 emissions. A further €2.8 billion (US$3.6